Active

807 Belmont AVE

LONG BEACH CA, 90804

$3,925,000


$588.19 per sqft

Active

12 Beds

10 Baths

6,673 sqft

Multi-family

Built in 1948

Discover the exceptional potential of 807 Belmont Ave, a premier multi-family property nestled in the coveted Belmont Heights district of Long Beach. This charming two-story Spanish-style building offers a total of 9 units, with incredible opportunities for expansion and increased revenue. The property comes with Ready to Issue (RTI) plans for two ADU units and the conversion of ?ve enclosed garages into additional 1- and 2-bedroom units, allowing you to maximize the income potential from day one. Situated on a spacious 7,790 SF corner lot, this property features 7,597 SF of rentable space, providing ample room for tenants to enjoy. The serene fenced courtyard, complemented by minimal water vegetation and ample shade, offers a tranquil retreat for residents, perfect for soaking in the refreshing ocean breeze. The well-maintained units boast a blend of original charm and modern upgrades, including resurfaced hardwood ?oors, fresh two-tone paint, ceiling fans, and new bathrooms. While some units retain their original kitchens and bathrooms, they present an excellent opportunity for further value enhancement, enabling you to achieve market rents through strategic renovations. A standout feature of this property is the ?ve enclosed garages, offering secure and convenient parking a highly sought-after amenity in this area. The current owner has already submitted plans to convert these garages into two additional ADU units, with approved designs for a 2-bedroom/1-bath and a 1-bedroom/1-bath, ready for construction upon closing. Recent improvements, including a new composite shingle roof, fresh paint, and new ?ooring in select units, demonstrate the meticulous care invested in maintaining this property in pristine condition. The potential to convert the non-conforming manager s unit further adds to the versatility and value of this exceptional investment. Seize this rare opportunity to acquire a highly desirable property with signi?cant upside potential in one of Long Beach s most sought-after neighborhoods. 807 Belmont Ave is not just a property; it's a gateway to elevated returns and a thriving community.

PW24206404MR

MLS ID

October 1, 2024

Listed

November 22, 2024

Updated

Map

807 Belmont AVE
LONG BEACH CA, 90804

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

10


Laundry Description

Laundry Area


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.18 Acres


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Belmont Heights, Alamitos Heights


Garage

Yes


Garage Spaces

5


Parking Total

5


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR3S

Listed by Justin White with Justin White
Listing Contact: 714.231.2537 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor BZP Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/22/2024

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